Pacific Buddhist Academy FY2021 filing

Tax-deductible

Honolulu, HI501(c)(3)Since 2002EducationEIN 04-3660909Revenue $2.2M in FY2021

On file with the IRSpacificbuddhistacademy.org1754 Lusitana St, 96813-1657 · Honolulu, HITax-exempt since Oct 2002School — 170(b)(1)(A)(ii)

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Developing and operating a high school with an academically challenging curriculum that is rooted in Buddhist values and that is accredited, affordable, safe, and open to all.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$103K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $188K a year · 9% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$103K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $67K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$446K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+12% vs prior year
Spent
$2.1M
To programs
68%
Net assets
$10.4M
By yearFY2020–FY2024
Revenue
$2.2M
FY2021▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$2.2M
FY2022$2.1M
FY2023$2.2M
FY2024$2.1M
FY2024$2.9M
Expenses
$2.1M
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$2.1M
FY2022$2.3M
FY2023$2.3M
FY2024$2.5M
FY2024$2.2M
Net assets
$10.4M
FY2021+0.4%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.3M
FY2021$10.4M
FY2022$10.2M
FY2023$10.1M
FY2024$10.0M
FY2024$10.7M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $1.5M Management & general 22% · $482K Fundraising 9% · $204K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $103K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School
$102,727Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Josh Hernandez Morse’s $120K as Head of School is at the 45th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Josh Hernandez Morse$119,908$125,515$112,499$116,888$102,727$104,534

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Pacific Buddhist Academy executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students with a challenging, Buddhist-values curriculum in an affordable, safe, accredited high school.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2020
01

Pacific buddhist adademy (pba) is a hais and wasc accredited private non-profit high school whose mission is to prepare students for college through academic excellence; to enrich their lives with buddhist values; and to develop their courage to nuture peace.

$1.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Ksk FoundationFY2024$250
Total grants receivedfrom 6 funders$67K
See all 6 funders →
Grants paid · 15 grants · $837K · 2019–2023
Unitemized GrantFY2023$225,741
Unitemized GrantFY2023$27,000
Unitemized GrantFY2023$3,800
Unitemized GrantFY2022$148,200
Unitemized GrantFY2022$22,000
Unitemized GrantFY2022$3,600
Unitemized GrantFY2021$97,426
Unitemized GrantFY2021$52,500
Unitemized GrantFY2021$5,175
Unitemized GrantFY2020$71,650
Unitemized GrantFY2020$52,500
Unitemized GrantFY2020$3,450
Unitemized GrantFY2019$69,586
Unitemized GrantFY2019$49,000
Unitemized GrantFY2019$5,055

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$518K
Investment incomeLn 3$256K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.5M
Managementcol C$482K
Fundraisingcol D$204K
Owns and owesPt X
$10.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$10.8M
LiabilitiesLn 26$446K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$518K
Fundraising eventsLn 1c$9K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$256K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$731K
SavingsLn 2$810K
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$7.8M
Total assetsLn 16$10.8M
LiabilitiesLn 26$446K
Net assetsLn 32$10.4M
OperationsPt I, VI
EmployeesI 526
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.3M$1.5M
InvestmentsLn 11–13$1.1M$1.3M
Land, buildings, equipmentLn 10c$8.1M$7.8M
Total assetsLn 16$10.7M$10.8M
LiabilitiesLn 26$323K$446K
Net assetsLn 32$10.3M$10.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$128K$128K
Pay of current officers, directors and key staffLn 5$116K$23K$90K$3K
Other salaries and wagesLn 7$906K$652K$188K$65K
Pension plan contributionsLn 8$35K$24K$9K$2K
Other employee benefitsLn 9$100K$74K$20K$7K
Payroll taxesLn 10$120K$81K$31K$8K
Accounting feesLn 11c$29K$10K$18K$737
Other fees for servicesLn 11g$48K$471$941$47K
Advertising and promotionLn 12$19K$1K$18K
Office expensesLn 13$67K$32K$10K$25K
Information technologyLn 14$42K$27K$10K$6K
OccupancyLn 16$40K$35K$4K$1K
Conferences, conventions and meetingsLn 19$10K$2K$6K$1K
Depreciation, depletion and amortizationLn 22$337K$286K$34K$17K
InsuranceLn 23$41K$41K
Other expenses (24a–d)Ln 24$110K$88K$19K$3K
Total functional expensesLn 25$2.1M$1.5M$482K$204K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.1M$2.5M−$398K$10.0M 990 PDF
FY2023 $2.2M$2.3M−$113K$10.1M 990 PDF
FY2022 $2.1M$2.3M−$154K$10.2M 990 PDF
FY2021 Viewing $2.2M$2.1M$43K$10.4M 990 PDF
FY2020 $2.0M$2.3M−$320K$10.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $2,192,397 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $395,979$517,938
I-9 Program service revenuePrior year $1,542,876$1,430,711
I-10 Investment incomePrior year $27,325$255,910
I-11 Other revenuePrior year −$15,412−$12,162
I-12 Total revenuePrior year $1,950,768$2,192,397
I-13 Grants and similar amounts paidPrior year $123,641$127,600
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,232,558$1,277,517
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $914,218$743,971
I-18 Total expensesPrior year $2,270,417$2,149,088
I-19 Revenue less expensesPrior year −$319,649$43,309
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,192,397 across 7 lines filed
Lines not itemized here account for $2,697 of total revenue; see the IRS return.
VIII-1c Fundraising events$8,607
VIII-1f All other contributions, gifts and grants$509,331
VIII-1h Total contributions, gifts and grants$517,938
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,430,711$1,430,711
VIII-3 Investment incomeExcluded from tax $255,910$255,910
VIII-8 Net income from fundraising eventsExcluded from tax −$14,859−$14,859
VIII-12 Total revenueRelated to mission $1,433,408 · Unrelated business $0 · Excluded from tax $241,051$2,192,397
Part IX · Statement of functional expenses $2,149,088 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $127,600$127,600
IX-5 Pay of current officers, directors and key staffPrograms $23,290 · Management $89,666 · Fundraising $3,493$116,449
IX-7 Other salaries and wagesPrograms $652,230 · Management $188,044 · Fundraising $65,468$905,742
IX-8 Pension plan contributionsPrograms $24,133 · Management $8,741 · Fundraising $2,435$35,309
IX-9 Other employee benefitsPrograms $73,645 · Management $19,612 · Fundraising $6,561$99,818
IX-10 Payroll taxesPrograms $81,196 · Management $30,755 · Fundraising $8,248$120,199
IX-11c Accounting feesPrograms $10,489 · Management $18,038 · Fundraising $737$29,264
IX-11g Other fees for servicesPrograms $471 · Management $941 · Fundraising $47,007$48,419
IX-12 Advertising and promotionManagement $1,000 · Fundraising $18,014$19,014
IX-13 Office expensesPrograms $32,147 · Management $10,351 · Fundraising $24,618$67,116
IX-14 Information technologyPrograms $26,611 · Management $9,798 · Fundraising $5,562$41,971
IX-16 OccupancyPrograms $34,890 · Management $4,278 · Fundraising $1,000$40,168
IX-19 Conferences, conventions and meetingsPrograms $1,957 · Management $6,476 · Fundraising $1,412$9,845
IX-22 Depreciation, depletion and amortizationPrograms $286,345 · Management $33,688 · Fundraising $16,844$336,877
IX-23 InsuranceManagement $41,469$41,469
IX-24 Other expenses (24a–d)Programs $87,995 · Management $19,073 · Fundraising $2,760$109,828
IX-25 Total functional expensesPrograms $1,462,999 · Management $481,930 · Fundraising $204,159$2,149,088
Part X · Balance sheet $10,829,150 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $553,308$730,968
X-2 Savings and temporary cash investmentsStart of year $729,831$809,667
X-3 Pledges and grants receivableStart of year $107,602$29,740
X-4 Accounts receivableStart of year $39,733$31,951
X-9 Prepaid expenses and deferred chargesStart of year $18,854$52,769
X-10c Land, buildings and equipment, netStart of year $8,149,102$7,843,886
X-11 Publicly traded securitiesStart of year $1,064,762$1,330,169
X-16 Total assetsStart of year $10,663,192$10,829,150
X-17 Accounts payable and accrued expensesStart of year $99,323$164,810
X-19 Deferred revenueStart of year $3,000$45,968
X-24 Unsecured notes and loans payableStart of year $209,000$228,959
X-26 Total liabilitiesStart of year $323,100$445,749
X-27 Net assets without donor restrictionsStart of year $8,833,357$8,737,375
X-28 Net assets with donor restrictionsStart of year $1,506,735$1,646,026
X-32 Total net assets or fund balancesStart of year $10,340,092$10,383,401
X-33 Total liabilities and net assetsStart of year $10,663,192$10,829,150
Part XI · Reconciliation of net assets $10,383,401 net assets at year end
XI-1 Total revenue$2,192,397
XI-2 Total expenses$2,149,088
XI-3 Revenue less expenses$43,309
XI-4 Net assets at start of year$10,340,092
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,383,401

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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